Yesterday evening, I provided a prediction for BTC's midnight movement and recommended a bearish operation, which ultimately fell to 108000 before encountering support again, successfully profiting over 1000 points.

The article has actually emphasized multiple times that the probability of an upward movement is higher, and it is unlikely to drop too much. The price has returned above 109000, which is basically in line with our predictions.

Currently, from the 1-hour level movement, it has welcomed the third upward surge. Whether this will create a new high depends on the content of the Federal Reserve meeting at 2 am. But regardless of the outcome, as the classic saying on Wall Street goes, 'money doesn’t lie,' and structures also don’t lie. What we see in the candlestick charts is essentially the flow of money.

Here, I boldly predict that although the current liquidity is still not strong, from the 1-hour perspective, it is already a very strong accumulation and breakout structure. Even if the meeting results in the early morning are not good, at least returning to 111500 shouldn't be a problem, and there is a high probability that a new historical high can be achieved.

Therefore, those who followed Bo Sheng's strategy at the beginning of the month should have a small portion still holding long positions at 105000, and most are still holding long positions at 107500. What you need to do is 'do nothing and let your profits run.'

Market Analysis

First, from the 4-hour structure, the upward movement that started at 98113 on June 23 has clearly shown a trend reversal, not just a rebound. The running time of the 1-hour structure within this 4-hour structure is continuously shortening, and the range is continuously rising. This is because the lower price chips are becoming fewer, leading to higher prices, right?

Since it's a reversal, there should at least be a move back to the previous high area (111500) or a breakthrough to a new high. As for whether we can go directly to higher levels like 113000 or 116000, we'll just follow the market and see how it goes.

Short-term

In the afternoon, we already indicated to take profits on short positions near 108500, and long positions were entered. As long as the price does not drop below 108300, there is no possibility of a reversal here, so short-term players who entered in the afternoon should set their stop-loss around 108000. Those with lower entry points should continue to hold above 110000.$BTC #BTC #BTC走势分析